Steve Moore’s New Book precisely reflects the philosophy of this webpage for the last 15 years–and your publisher’s philosophy as a member of the Regulatory Commission of Alaska: Deregulate where we can; regulate where we must. In this way we protect the public interest in general and consumer interest in particular by enabling the private sector to provide the greatest volume of energy responsibly…for the lowest possible cost.
From Amazon: “In Fueling Freedom, energy experts Stephen Moore and Kathleen Hartnett White make an unapologetic case for fossil fuels, turning around progressives’ protestations to prove that if fossil fuel energy is supplanted by “green” alternatives for political reasons, humanity will take a giant step backwards and the planet will be less safe, less clean, and less free.”
Calgary Herald, By Ben Sharples
The oil market surplus that vanished last quarter, helping prices post the best quarter in seven years, may return as early as this month as disrupted supply starts to pump again.
Canadian output returning from outages caused by wildfires will be enough to put the market back into oversupply and oil may return to a trading range of $30 to $50 a barrel, according to Morgan Stanley. Goldman Sachs Group Inc. said that a recovery in Nigerian production is a risk to its $50-a-barrel forecast for the second half of 2016. The bank said earlier that the market had switched to deficit in May.
The Walker administration on Thursday continued to fight Alaska’s major oil producers for details about how they will sell their Prudhoe Bay natural gas, refusing to approve an annual activity plan at one of the nation’s largest oil fields until it gets the information it wants.
That doesn’t mean work will stop in the initial participating area of Prudhoe Bay – an oil field responsible for close to half the state’s oil production in 2015.
The Department of Natural Resources said it’s giving BP, ExxonMobil and ConocoPhillips “one final opportunity” to …. (Read more….)
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